At the time of writing, Embecta Corp [EMBC] stock is trading at $14.16, up 37.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EMBC shares have gain 38.42% over the last week, with a monthly amount glided 24.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Underweight on January 06, 2023, and kept the price target unchanged to $28. On September 08, 2022, BTIG Research initiated with a Neutral rating. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $33 on August 01, 2022. BofA Securities initiated its recommendation with a Underperform and recommended $25 as its price target on June 21, 2022.
For the past year, the stock price of Embecta Corp fluctuated between $9.93 and $32.00. Currently, Wall Street analysts expect the stock to reach $36 within the next 12 months. Embecta Corp [NASDAQ: EMBC] shares were valued at $14.16 at the most recent close of the market. An investor can expect a potential return of 154.24% based on the average EMBC price forecast.
Analyzing the EMBC fundamentals
According to Embecta Corp [NASDAQ:EMBC], the company’s sales were 1.12B for trailing twelve months, which represents an 0.58% jump. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.09 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.09 points at the first support level, and at 12.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.26, and for the 2nd resistance point, it is at 16.35.
Embecta Corp [EMBC] reported earnings per share of $0.61 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.16 and a surprise factor of 35.60%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.59 per share as compared to estimates of $0.4 per share, a difference of $0.19 representing a surprise of 47.50%.
Ratios To Look Out For
It is important to note that Embecta Corp [NASDAQ:EMBC] has a current ratio of 2.20. As well, the Quick Ratio is 1.75, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 0.73 and price to earnings (TTM) ratio is 14.74.
Transactions by insiders
Recent insider trading involved Melcher David F, Director, that happened on Feb 12 ’24 when 2000.0 shares were purchased. Director, Melcher David F completed a deal on Sep 08 ’23 to buy 6233.0 shares. Meanwhile, President and CEO Kurdikar Devdatt bought 5000.0 shares on Aug 10 ’23.
